Global Freeze Drying Equipment Market By Product (Laboratory Freeze Dryers, Industrial Freeze Dryers, Mobile Freeze Dryers, Bench Top Freeze Dryers, General Purpose Freeze Dryers, and Others), By Application (Pharmaceuticals, Biotechnology, Surgical Procedures, Food Processing, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Report Overview

The global market for freeze drying Equipment Market was worth US$ 1,760 million in 2021. The market is forecast to grow at an 8.5% compound annual rate (CAGR), between 2022 and 2032.

Global Freeze Drying Equipment Market

Product Analysis

The market was dominated by industrial freezer dryers in 2021. They are expected to continue their dominance through 2032 and will account for around 36.0% of overall revenue. It is used extensively in the food industry. Because of its high-performance efficiency, the equipment is used extensively in large industries. Due to their portability and ease of use as well as multi-functionality, the mobile dryers segment will be the fastest-growing segment over the forecast period.

Application Analysis

The highest CAGR is likely to be seen in the biotechnology segment during the forecast period. Food processing held 32.0% of the global market for freeze-drying equipment in 2021, a record that was maintained by this segment. The sublimation process lowers the temperature and retains moisture, making it highly preferred for food processing.

Due to the extensive use of freeze-drying equipment for biological preservation, such as penicillin, enzymes, viruses, and bacteria, pharmaceuticals will likely take over the leading position in the future. Due to its ability to preserve efficacy and bioactivity (PRP) for longer periods of time, the market for freeze-dried platelet-rich plasma is expected to grow in the future.

Key Market Segments:

Product

• Laboratory Freeze Dryers
• Industrial Freeze Dryers
• Mobile Freeze Dryers
• Bench Top Freeze Dryers
• General Purpose Freeze Dryers
• Others

Application

• Pharmaceuticals
• Biotechnology
• Surgical Procedures
• Food Processing
• Others

Market Dynamics

It is widely used in the anticipation of heat-sensitive biological material, pharmaceuticals, food, and other applications. This market is experiencing rapid expansion in the food processing and pharmaceutical sectors. The market is expected to grow due to rising awareness of the various benefits of the product like improved efficiency regarding air-drying, and desiccant drying.

This market will also see significant growth due to its increasing usage in surgical procedures and leather preservation. The growing preference for custom-built food industries means that freezing drying equipment has been used more in food processing. Additionally, the growing demand for freeze-drying equipment is being driven by increasing urbanization and the rising consumption of preserved food.

To stabilize and store drugs, freeze-drying is an industry-standard. Also, pharmaceutical industries use freeze dryers to reduce the temperature of their products. This involves using a high-pressure vacuum to extract water in the form of vapor.

Furthermore, sensitive biological and heat-sensitive medicines are dried at low temperatures during this process, which preserves their physical structure. These products can be used in emergency vaccines and antibodies.

The product is also expected to increase in popularity in the military and defense sectors. It is becoming more common to use freeze-dried plasma on the battlefield. In emergency situations, medical personnel used traditional blood products to treat injured soldiers. This involved the use of refrigerators and additional equipment which was time-consuming. Plasma is safe to use for the treatment of injuries.

Regional Analysis

The North American market was valued in 2022 at USD 548.0 Million. It is expected that it will remain in the top 10 by 2032. The Asia Pacific is projected to be the largest regional market in the forecast period. It is expected to account for over one-fourth of total revenue by 2032. The increasing number of Chinese and Indian pharmaceutical companies is responsible for the region’s growth.

Europe will continue to hold a large share of the market during this same period. Due to the high use of leather tanneries in leather tanning, the market for the region is expected to grow significantly over the forecast period.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

The global market is highly competitive and consolidated and is dominated by major players such GEA Group, Azbil Corporation, Tofflon Science and Technology Co. Ltd., and Labconco Corporation. The market’s key players are keen to collaborate with others. They are also investing heavily in R&D in order to create innovative solutions and increase their competitive advantage.

Diverse companies are engaging in mergers & acquisitions to improve their competitive edge. Food & Drug Administration (FDA), for instance, requires that all data pertaining to the freeze-drying process be recorded. ABB created ScreenMaster, which is a video graphics recorder equipped with Ethernet communications. It allows users to access the recorded data through any web browser. These data can be easily retrieved and can be used to aid future medical analysis.

Key Market Players:

The following are some of the major players in the market for freeze-drying equipment:

• GEA Group
• Labconco Corporation
• Azbil Corporation
• Tofflon Science and Technology Co. Ltd

For the Freeze Drying Equipment Market research study, the following years have been considered to estimate the market size: